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[其他] Interesting article about Oil

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发表于 2009-1-13 18:58 | 显示全部楼层 |阅读模式
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9 U4 g8 ?# l. sBelow is an Interesting article I found, which says that.....Do not
; i1 I: ~0 f+ F7 w" N: Uexpect much from Crude Oil producers and future is not with the : p1 u5 m4 \3 n  ~/ J9 J
companies producing Jet fuels but Biofuels. Also no wonder if some of . m) v4 e5 g8 X! ~
these oil producer will go bankrupt or out of the business even if * i+ R$ x' E' ^+ d* W, r
crude prices improves. This implies also to good names such as Shell,
/ e  v3 i. K& gEXXON, BG, BP, Cheveron ....xyz.. oils
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Recently OPEC reduced crude oil production twice over just a few
/ ^1 i7 |4 a8 t3 j3 I. G1 F- Tmonths. There are three wars going on in Gaza, Iraq and Afghandistan.
# I8 I* D$ _6 H  s: zA year ago these things would have spiked the price of crude oil by at
" S; z1 b0 c8 `$ f( Sleast $50.00 per barrel. Today, oil price declined by a record amount. 8 [8 o( e5 k3 A* P$ q

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There are several reasons the price of oil is decreasing in the face 4 y0 j9 x* i$ x4 |  j
of so much news. These reasons are:
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1. New oil has been found in Canada, Montana, North & South Dakota and   x5 h9 i  ]2 Q, I" ^; \' U
in the ocean near Brazil. Each of these oil fields has more oil than * E! }1 [% f( V3 X* e  H. T7 @) ^
Arabia. ( |" Z" c7 F' E; i3 d

6 N" }( e! Z' |- Q1 w$ |* U. h. a2 `
2. New natural gas has been found in Pennsylvania and West Virginia.
4 c: h/ ]7 }. q0 Z4 x5 gThis is the largest find in North America.
3 S3 a8 q  [' t" j. _  i' [8 b4 s' Q1 x$ Z& |

/ }- O5 e# \% V3. New methods of injecting CO2 and surfactants into oil wells is / Z" a  {! \' ~4 V0 S2 C
being used to double their output. 9 h! c8 }0 Q; G$ B. N1 _% u

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4. Production of bio-fuels is beginning to reach critical mass. Bio / g. U6 g) D9 }( }2 V0 n$ \
fuel is being produced from many plants and algae. The production 0 i9 r5 T  J: ?- ~/ t" n" i# B
potential per acre in some cases is astounding. Many countries are
: P0 C) `( {' I5 E" Sracing to produce bio fuels. 8 `4 A: J& j8 N- h8 W3 n
1 e% [; X" J- u$ C+ i1 A" U- S
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5. Virtually every restaurant in the US and all food processing plants
/ L# l4 v% D3 m3 [, @- ware now selling their used oil to bio-diesel producers. Every pork,
, T8 g( m/ _* Jcattle, turkey and chicken processing plant will soon sell their fat
* m4 N" p* {% ?( r( f' g, \to bio-diesel producers. One pork processing plant in Oklahoma is
& \' i( F' ~8 \& |% f& z' ?, Mproducing 30,000 gallons of bio-diesel per day from pork fat. 3 n6 e% h1 R1 j9 h/ q

( I" D# _8 H. h  P/ I( {
) }6 d8 e. L/ ~$ _+ y6. There are 99 nuclear reactors in various stages of planning and
3 i# ]% |1 [' C& Kconstruction around the world at this time. Several hundred more are 2 Y  s6 E1 H6 G: a) p& g6 k/ u" n
expected to be built in the future. Much of the energy they produce
! _- S0 r0 N0 {+ O8 lwill replace oil. 7 R% Y/ b/ Y4 r3 u8 b+ m

) A* T  i( T7 \# g; ^, W
$ v! q1 N" [9 n. q7. Every company in any form of transportaion business is replacing
: A) n3 i) ^3 {7 }- A- {' f1 aolder equipment such as trucks, airplanes, train engines, ships, etc. 6 k; y3 P: i: `( a
with new more fuel efficient equipment. Airlines and railway companies
9 r# o4 g# H" @' a3 \* k% j/ lare experiencing 20% to 25% better fuel econony with the new
( X/ j. e/ ?7 R1 ^% ?& Oequipment. ' r6 i+ s4 l! s5 p+ O$ t
! T8 w' V  Z: W; z

  C9 [* {7 {3 j* x/ IAirlines are flying airplanes with bio-fuel. They are finding the bio- 4 B2 h4 I+ s8 Z& C  y4 b, w
fuel is cleaner and performs better than jet fuel. / Q" b& h$ W8 t/ [4 W7 ?
, [" I$ D& F- P% ~

! Y0 j+ Q" S$ b8. Cities and counties throughout the US are selling the rights to 4 N. [3 Y5 O& S/ h
capture methane gas from landfills. This is a huge source of gas
" z; M1 R! P6 p3 |9 ^; p$ i# Davailable at very little cost or risk. The gas is displacing crude
6 V8 b* p0 I6 q2 Boil. 4 l( n, U0 L2 ^" Q! W' r

+ l8 y9 T; H# O; r  u
' }, P% u& B9 W+ P* [9. Coal is being transformed into a clean burning liquid fuel. The CO2 2 o9 ]# J$ o" B, ^% n8 Z7 \( C
produced as a byproduct is sold to oil companies for injection into ( ]) ^5 K# A; h5 N) ~: ]
oil wells.
0 k9 q  B' A9 _6 T% A' D% I0 V* e2 _: ~, [9 U
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10. Solar, wind and ocean energy is displacing oil as an energy , i3 t) A# C0 u# p' I
source. Three new wind turbines are being erected every day in the US. , }+ v+ p$ q; s4 m9 W+ i9 X

8 a1 o6 i+ x/ m6 |
4 e7 j# f) _; Z$ c9 d% `  m4 a5 TEach of the above by itself will not make a large difference in the
' ~* ]6 o/ Q  ?- o6 y: [2 vprice of crude oil but the sum of all of them together is world
/ H+ X* U% I+ I) O5 s: tchanging. The important thing is that OPEC no longer has the ability
( I5 }7 D3 d9 L+ t( H* qto control oil prices. ' r0 Z* W6 P1 d$ ?* u

3 K- s* x  |4 p
7 [8 W  ^& G! G9 ^( ~With the above scenario, I still believe that there are under
7 }; ^+ `# ]7 B& M% T. D* uperformed OIL companies and probably they are yet to get the justified ; w1 {6 N: T5 I" e
value ..... : n8 t) f1 n2 L2 Q" W" O
IAE- Ithaca , EPL Energy Partners Ltd, Opti etc ...
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The above articles are from WSJ .............PUBLISHED ON 9TH JAN " b0 O; L" u" h% ~5 V
2009 ... FYI-Only
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